RBI Academy is a training institution set up by the Reserve Bank of India for imparting trainings on topics of relevance to Central Bankers, Regulators and Supervisors around the globe. The Academy has been offering flagship courses since 2016 with theoretical underpinnings on various subjects like Macroeconomics, Microeconomics, Corporate Finance, Statistics, Econometrics, Information Technology, Risk Management, Financial markets, Human Resource Analytics, Cyber Security, DSGE Modelling, Big Data etc. Rigorous courses on these topics are designed to strengthen the foundational concepts and build tools and techniques on them for applications in crucial central banking areas.
In today’s fast-changing landscape of financial ecosystem, central bankers need to be abreast with latest developments in the areas of financial stability, macro-prudential regulations, supervision etc. To that end, Reserve Bank of India (RBI) has a long history of working closely with other central banks, supra-national bodies and academic institutions around the world. RBI Academy aims at further strengthening these efforts in imparting specialised training for capacity building at central banks, in close cooperation with these institutions. The Academy is on the path of developing into a high-class training institution carrying out quality programmes covering relevant themes with a special focus on India. The Academy acts as a global forum where experts from central banks and regulatory authorities exchange views and discuss central bank policies, including macroprudential policy, monetary policy, and regulation and supervision of banks. The Academy's overall mission is to groom well-rounded central bankers through a process of continuous learning and development.
In the last three years of its existence, RBI Academy has done excellent work. I am confident that the Academy will continue to deliver such high-quality programmes in future too.
Ex-Chairperson of Academic Advisory Council and Deputy Governor, Reserve Bank of India
RBI Academy will be a world class institution imparting knowledge, fostering discussion and carrying out high end trainings on all issues concerning Central Banks across the globe. Programs conducted here would cover topics of relevance to Central Bankers, Regulators and Supervisors around the world with special focus initially on India.
To groom well rounded Central Bankers through a process of continuous learning and development.
The Logo of RBI Academy as depicted above shows a symbolic hand holding the RBI Logo and a flame rising around it. This is piercing a triangle which is gradually fading towards the far end.
The triangle depicts the pyramid of uncertainty and the unknown. The Academy is depicted to be piercing the triangle and surging ahead with the flame of knowledge.
RBI Academy has engaged with faculties from leading educational institutions like IIMs, IITs, ISI Delhi, Delhi School of Economics, South Asian University, Shri Ram College of Commerce, Administrative Staff College of India (ASCI), S P Jain Institute of Management and Research(SPJIMR) to conduct specialised and tailormade training programmes for our officers. The Academy has also partnered with organizations like Federal Reserve, IMF SARTTAC, World Bank, ISACA, Oliver Wyman, etc. to offer highly customized functional training programmes/webinars.
The Academy has conducted 100 training programs in its five core verticals for 3031 participants from the Bank and 84 participants from Commercial Banks, Other Central Banks and related Institutions.Area wise Training Programmes conducted by the RBI Academy
|S.No.||Academic Area||Number of Programs||Number of Officers trained||Number of Days|
|1||Economics and Finance||31||977||166|
|4||Regulation and Supervision||15||436||38|
Dr. Ghate is Professor, Economics and Planning Unit at Indian Statistical Institute, New Delhi. He was also a member of Monetary Policy Committee, RBI. He is an applied macroeconomist with a research focus on economic fluctuations and growth. He is a recipient of the 2014 Mahalanobis Memorial Gold Medal in Economics awarded by the Indian Econometric Society (TIES).
RBI Academy follows blended delivery model with a judicious mix of classroom sessions, hands-on exercises, group assignments, ecourse modules, course readings etc. The courseware includes journal articles, text book references, case studies and spreadsheet tools. Each 5-day programme typically requires 35-40 hours of intensive study to successfully complete the course.
The Academy believes in assessing the course delivery and participant assimilation through two levels of assessments. The Course is assessed through participant's feedback collected online while the participant's assessment is done through comprehensive continuous method comprising Class Participation and Class Notes, Group Assignment, Case Studies and Exit Test.
The training venue has state of the art infrastructure which facilitates teaching-learning process. The classrooms are equipped with modern age amenities like wi-fi, projector and Audio Visual System. The venue has real time interactive video conferencing facility and a full-fledged cafeteria for the catering needs.